GMC sniffs at gold mining targets after Plus listing

GOLD Mining Company (GMC), a venture set up to invest in the precious metals sector, will today make its debut on the Plus stock market, having raised £820,000m in cash via a placing of 37m new shares.

GMC said its listing would provide the company with better opportunities for exposure to the robust gold and precious metals sector, where it hopes to start making acquisitions in the coming months.

It plans to target projects along all stages of the development process, from exploration to production. Executive director Greg Kuenzel said that gold would be the firm’s main focus, though it will also consider opportunities in other precious metals such as silver, copper and platinum.